Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Friday reported its first-quarter 2022 financial results, recording revenues of AED5.068 billion and net profit of AED691 million. Dewa’s first-quarter revenue increased by 15% to AED5.068 billion, driven by an increase in consumption across all sectors and the transition to a normalised tariff structure at the beginning of this ...

ABU DHABI / WAM The Opec Monthly Oil Market Report (MOMR) has maintained its positive momentum with regard to the UAE’s economic recovery. The MOMR stated that the economic outlook remained positive, thanks to improving economic conditions supported by the easing of Covid-19-related constraints and the improvement in fossil fuel prices. The report indicated that the recent S&P Global UAE ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Ruler of Abu Dhabi, on Friday performed the funeral prayer for late His Highness Sheikh Khalifa bin Zayed Al Nahyan, at the Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Performing the prayer as well were Their Highnesses the Sheikhs of the Al Nahyan family. Everyone ...